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Interesting, would like to read more, can you provide references?
by fourier54 2y ago
Interesting, would like to read more, can you provide references?
- spencerchubb 2y agoAny undergrad economics textbook will have chapters about market failure. Do you want something more specific?
- vundercind 2y agoWe covered it a lot in international political economy (IPE) since market failure scenarios tend to be exactly when even (non-looney/non-bad-faith) capitalism fans want governments to get involved. Guessing textbooks and readers on that sub-field would also be helpful. (This is also why other posters here observe that examples of sectors prone to market failure have high levels of government involvement)
- dredmorbius 2y agoPublic sector economics and health economics generally. The principles discussed are fundamental to both subdisciplines and should be covered in the introductory chapter(s) of a basic textbook on the subject. I'd used a textbook by Joseph Stiglitz several decades ago whilst at uni, and there should be an updated version of it out. I think this might be it or close: Economics of the Public Sector, Fourth Edition. By Joseph E Stiglitz (Author, Columbia University), Jay K Rosengard (Author, Harvard University). <https://wwnorton.com/books/9780393925227 https://wwnorton.com/books/9780393925227> The table of contents looks promising, particularly chapter 5. Also at: <https://search.worldcat.org/title/39485400 https://search.worldcat.org/title/39485400> You might also find this in Handbook of public economics by Alan J. Auerbach, Martin S. Feldstein, Raj Chetty, and Emmanuel Saez. <https://search.worldcat.org/title/13360368 https://search.worldcat.org/title/13360368>